Note XXXIII-7 — Chapter XXXIII · COMMERCE AND FINANCE. 1801-1887.
Reading edition
The Am. Atlantic and Pacific Ship Canal Co. of New York, of which Vanderbilt and White were the chief owners, undertook to construct an interoceanic canal. Their contract with the Nic. govt involved the privilege to the company of exclusive steam navigation in the interior waters, meaning Lake Nicaragua. The company concluded to separate this privilege from the rest of the contract, and succeeded, Aug. 1851, in obtaining from the Nic. govt the monopoly of transit from San Juan del Norte to San Juan del Sur. It is unnecessary to go into details as to how this was consummated; suffice it to say, it was by fostering the intestine war then raging. U. S. Gov. Doc., H. Ex. Doc., 75, 141-5, x., Cong. 31, Sess. 1; Id., Sen. Doc., 68, 84-103, xiii., Cong. 34, Sess. 1; Cent. Am. Miscel. Doc., 45; Stout's Nic., 272-91; Wells' Walker's Exped., 203-5; Reichardt, Cent. Am., 210-11; Scherzer, Cent. Am., 245-6.